Health & Safety Industry Today
Global Long Term Care Market to Grow Steadily due to Rising Geriatric Population
A latest market report published by Transparency Market Research is Long Term Care Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Published 09 February 2016
According to a recent market study published by Transparency Market Research (TMR), the global long terms care market has been assessed from the political, economic, social, technological, legal, and environmental point of view. Furthermore, the market is examined with the help of a SWOT analysis and Porter’s five forces analysis. The former gives the readers a chance to determine the strengths, the weaknesses, the opportunities, and the threats, while the latter gives a fair judgment on the threat of new entrants, the threat of substitute products or services, the bargaining power of customers (buyers), the bargaining power of suppliers, and the intensity of competitive rivalry.
The global long term care market has been segmented on the basis of services provided such as social work services, therapeutic services, mental health or counselling services, skilled nursing or nursing services, pharmacy or pharmacist services, and hospice services. The long term care (LTC) services market caters to the needs of the geriatric population and other adults who are unfit to take care of themselves due to an injury, disease, or a chronic disability. Long term care service offers simple solutions that helps in improving the quality of life of the patients and enables them to live as normally as possible.
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15 million people in the U.S. used long term care service in 2000 and it is expected to increase and reach 27 million by 2050 stated by Centre for Disease Control and Prevention. This is due to growth in older adult population, because long term care services increases with increase in age. Two third of the individual who has crossed 65 years of age need long term care for the rest of life in the U.S. stated by Centre for Disease Control and Prevention in 2013.
North America and Europe are observed to be the largest long term care market due to growing geriatric population and extensive government support for long term care. Moreover, Asia - Pacific is considered as an emerging market due to strong economic growth forecasted in some Asian countries such as India, China, Japan and Malaysia.
Some of the major market players contributing in the global market share of long term care includes AARP Long Term Care, American General Life (AIG), Lincoln Financial Group, New York Life Insurance Company, State Farm Insurance, Thrivent For Lutherans and others.
Research suggest that the global market for long term care is growing at a rapid pace across the world due to the growing geriatric population. Furthermore, the rise in the prevalence of chronic diseases is also fueling the growth of this market. The U.S. Census Bureau shows that the adult population ranging in the demographic of 85 years old and above will reach 17.9 million by 2050 in the U.S. alone. Faced by this glaring statistic, it is only obvious that the global long term care market will rise at a significant pace. Furthermore, this market will also be augmented by the supportive stance offered by several governments, which are ardently striving to provide good care to the elderly.
Some of the important players in the global long term care market are AARP Long Term Care, Lincoln Financial Group, American General Life (AIG), State Farm Insurance, New York Life Insurance Company, Thrivent For Lutherans, and others. The research report has profiled these companies and offered an accurate analysis of their financial overview, research and development activities, product portfolio, and investment outlook for the coming years.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Mr. Sudip.S
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Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
The global long term care market has been segmented on the basis of services provided such as social work services, therapeutic services, mental health or counselling services, skilled nursing or nursing services, pharmacy or pharmacist services, and hospice services. The long term care (LTC) services market caters to the needs of the geriatric population and other adults who are unfit to take care of themselves due to an injury, disease, or a chronic disability. Long term care service offers simple solutions that helps in improving the quality of life of the patients and enables them to live as normally as possible.
Get Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6508
15 million people in the U.S. used long term care service in 2000 and it is expected to increase and reach 27 million by 2050 stated by Centre for Disease Control and Prevention. This is due to growth in older adult population, because long term care services increases with increase in age. Two third of the individual who has crossed 65 years of age need long term care for the rest of life in the U.S. stated by Centre for Disease Control and Prevention in 2013.
North America and Europe are observed to be the largest long term care market due to growing geriatric population and extensive government support for long term care. Moreover, Asia - Pacific is considered as an emerging market due to strong economic growth forecasted in some Asian countries such as India, China, Japan and Malaysia.
Some of the major market players contributing in the global market share of long term care includes AARP Long Term Care, American General Life (AIG), Lincoln Financial Group, New York Life Insurance Company, State Farm Insurance, Thrivent For Lutherans and others.
Research suggest that the global market for long term care is growing at a rapid pace across the world due to the growing geriatric population. Furthermore, the rise in the prevalence of chronic diseases is also fueling the growth of this market. The U.S. Census Bureau shows that the adult population ranging in the demographic of 85 years old and above will reach 17.9 million by 2050 in the U.S. alone. Faced by this glaring statistic, it is only obvious that the global long term care market will rise at a significant pace. Furthermore, this market will also be augmented by the supportive stance offered by several governments, which are ardently striving to provide good care to the elderly.
Some of the important players in the global long term care market are AARP Long Term Care, Lincoln Financial Group, American General Life (AIG), State Farm Insurance, New York Life Insurance Company, Thrivent For Lutherans, and others. The research report has profiled these companies and offered an accurate analysis of their financial overview, research and development activities, product portfolio, and investment outlook for the coming years.
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr. Sudip.S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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Transparency Market Research
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